Copay Idea

CopPay’s ambition is to create a world in which all payment needs can be satisfied
with cryptocurrency.
We propose to create a global infrastructure that will allow the use of
cryptocurrencies as a method of payment everywhere in the world. We envisage
millions of CopPay virtual terminals functioning around the world. CopPay
virtual terminals will be installed free of charge, giving all businesses access to
cryptocurrency. Merchants will be able to accept and exchange cryptocurrency for
fiat money without interruption. And consumers will be able to pay for goods and
services with cryptocurrency.
CopPay terminals make intermediaries between clients and merchants obsolete
and ensure that cryptocurrencies can be easily traded across international borders.

CopPay’s platform is designed to:

● Allow cryptocurrency holders to use cryptocurrency as a mean of payment● Help merchants accept any traded cryptocurrencies with zero transaction fees● Minimize the risk of cryptocurrency volatility for merchants by allowing them to exchange it for fiat money in real time

CopPay virtual terminal

The main advantages of using a CopPay terminal are:

●Easy installation. The terminal is a piece ofsoftware that can be installed on any device(PC, tablet, mobile phone or Point-of-Saleterminal) or incorporated into a website –no specialist knowledge required.

●• User-friendly interface. The process ofadding an order for payment, billing andpayment confirmation occurs in a fewclicks.

CopPay virtual terminals consist of two parts:

●• An interface to receive payments; the partthat’s installed on a device and used bycashiers to accept payments. Several userscan be added, and each can work on severaldevices simultaneously.

●• An electronic cold wallet; used bya business owner to manage receivedcryptocurrency.

The CopPay exchange is a software that facilitates communication between both merchant andcryptocurrency exchanges in real time; allowing merchants to accept cryptocurrency, exchange it,and receive fiat money in their bank accounts.

CopPay blockchain

The CopPay blockchain will store information
on participants’ reputation and provide a
whole host of additional functionality.

We’ve chosen the DPoS (Delegated Proofof-
Stake) consensus algorithm for CopPay’s
blockchain as it needs little infrastructure
hardware making it possible to assign the
most productive network participants as
witnesses. Witnesses are those participants
who add new blocks and receive a reward
for it. This is an elected position, and any
member of the network can become one: if
their CopPay blockchain reputation is high
enough.

There is a zero transaction fee in the system. This is done in order to make CopPay platform affordable for everyone. The payment instrument in CopPay network is the COP token, which can be used for paid network services.

Each member of the CopPay blockchain
has keys that are used when working in the
system. All keys are generated when the
terminal software or wallet first opens. Their
public key is placed in the blockchain, but the
private key is stored on the user’s device.

CopPay Business Model

Since cryptocurrency represents just a fraction
of the global world’s economy, we expect 90% of
all CopPay terminal users to work in exchange
mode. In this way CopPay will receive a 2%
commission from each exchange transaction.
This will be paid by the buyer and will go to the
company as revenue.

Another source of revenue will be additional paid services: such as a subscription. For example, say a merchant wants to participate in a reputation system in order to promote his services in the marketplace. He wants to get attention from buyers who are interested in store reputation. To do this, the merchant can subscribe to CopPay’d reputation program and will pay a small monthly fee (in COP tokens).

A CopPay fund will be created once the ICO
is over, to buy back COP tokens. 10% of funds
collected during ICO will be allocated to the fund.
After that, 1% of each 2% exchange commission
will be sent to the fund. We will buy COP tokens
at the market price, using exchanges, in order to
use them for our CopPay loyalty program. The
percentage of revenue that is allocated to the
fund may be changed over time.

COP holders will be eligible to receive a COP
voucher that can be used as a discount
when buying goods or services from CopPay
merchants. CopPay will allocate a part of its
profit to all COP token holders in the form of a
COP voucher. When a buyer wants to redeem a
COP voucher, he presents a COP voucher to the
merchant and will receive up to 50% discount on
the amount of that voucher. The merchant that
accepts voucher will receive the full amount in
either fiat money or cryptocurrency, depending
on their preference.

Keep in mind: a COP voucher is not a COP token.

CopPay multi-sided platform (MSP)

CopPay’s main goal is to create a networkof virtual terminals; that are installed andfunctioning all over the world.

Our strategy is to become a multi-sidedplatform: an organization that creates valueprimarily by enabling direct interactionsbetween two or more distinct types of affiliatedcustomers.

The more merchants accept payments withcryptocurrency, the more clients can use thispayment option. CopPay will start with oneregion, attract a critical mass of participantsfrom each group to achieve economies ofscale, before moving to new markets.

Our first region of operations will be the EU.We will focus on Germany and Holland

as they’re home to a large number ofcryptocurrency holders and miners

Loyalty program

In order to enter the market and attractmerchants (stores, e-commerce, mobilepayment systems), the loyalty program iscreated. 0,3% of each exchange transaction

Win-Win strategy

At CopPay, our aim is to create a platformwhere each participant can benefit from itsuse.

CopPay ICO and COP tokens

Issuing COP tokensThose who wish to participate in theCopPay project, can do so using COPtokens. During the Pre-ICO and ICO process,tokens will be released in the ERC20standard on the Ethereum platform. Inthe future, after the CopPay blockchainlaunches, it will be possible to transfer COPtokens to it. COP is qualified as a UtilityCoin and will become both an instrumentfor interaction between participants in thesystem, and an indicatorof the project’s success.

Tokens that are not sold during the Pre-ICO or ICO will be frozen until the CopPay blockchain isdeveloped.

A proportion of the tokens that are earmarked for team distribution will be reserved: in order toattract future investors and to develop additional products for the network. Throughout the projectimplementation, the team will report on the work performed, including the results achieved andfunds spent. This information will be posted on CopPay’s website once a quarter.